Yext FY27 Q2 GAAP net income drops 51% to $13.1 million; revenue falls 2% to $111.1 million - YEXT News | RalliesYext FY27 Q2 GAAP net income drops 51% to $13.1 million; revenue falls 2% to $111.1 million
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YEXT• Quarterly results
- Yext posted fiscal Q2 GAAP net income of $13.1 million, down from $26.8 million a year earlier; EPS was $0.13.
- Revenue fell 2% year over year to $111.1 million, while GAAP gross margin edged up 0.3 percentage points to 75.5%.
- Adjusted EBITDA rose 29% to $34 million, lifting margin 8 percentage points to 31%.
ARR and business updates
- Total ARR slipped 1% year over year to $440.8 million, driven by a 22% drop in sub-$50,000 customers.
- Enterprise ARR rose 2% to $405.9 million.
- Yext acquired GoShine, launched Action Center, and piloted Corvo AI for SMBs.
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